This Is What Whales Are Betting On Alibaba Gr Holding
Portfolio Pulse from Benzinga Insights
A large bullish position has been taken on Alibaba Gr Holding (NYSE:BABA), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $80.0 to $200.0 for Alibaba over the last 3 months. The price of BABA is up 1.25% at $83.51. Benchmark, UBS, Barclays, and Truist Securities have all given a buy rating with price targets ranging from $126 to $180.
November 02, 2023 | 2:01 pm
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POSITIVE IMPACT
A large bullish position has been taken on Alibaba, indicating potential positive movement. The stock price is currently up and several financial institutions have given a buy rating.
The large bullish position taken on Alibaba indicates that there is a belief that the stock price will rise. This, combined with the current upward movement of the stock price and the buy ratings from several financial institutions, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100